FY2026 EPS Estimates for Foot Locker Cut by Analyst

Key Points

• Telsey Advisory Group has significantly reduced its FY2026 earnings estimate for Foot Locker, decreasing it from $1.20 to $0.70 per share, with a price target of $24.00 on the stock.
• Foot Locker's recent quarterly earnings report showed a loss of ($0.27) EPS, missing the analysts' expectations of $0.05 and marking a revenue decline of 2.3% year-over-year.
• The stock is currently rated as a "Hold" by analysts, with a consensus price target of $21.33, after various ratings adjustments, including some upgrades and downgrades from different investment firms.

Foot Locker, Inc. (NYSE:FL - Free Report) - Telsey Advisory Group decreased their FY2026 earnings estimates for shares of Foot Locker in a report issued on Wednesday, August 27th. Telsey Advisory Group analyst C. Fernandez now forecasts that the athletic footwear retailer will earn $0.70 per share for the year, down from their prior estimate of $1.20. Telsey Advisory Group currently has a "Market Perform" rating and a $24.00 price objective on the stock. The consensus estimate for Foot Locker's current full-year earnings is $1.23 per share. Telsey Advisory Group also issued estimates for Foot Locker's Q2 2027 earnings at ($0.14) EPS and FY2027 earnings at $1.00 EPS.

Several other analysts also recently weighed in on FL. Wall Street Zen downgraded shares of Foot Locker to a "strong sell" rating in a research report on Saturday, August 30th. Gordon Haskett lowered shares of Foot Locker from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Barclays lowered shares of Foot Locker from an "overweight" rating to an "equal weight" rating in a research report on Thursday, May 29th. Citigroup raised their target price on shares of Foot Locker from $20.00 to $24.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Zacks Research upgraded Foot Locker from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Foot Locker presently has a consensus rating of "Hold" and an average target price of $21.33.

Foot Locker Stock Up 0.3%

Shares of NYSE:FL traded up $0.07 during trading on Monday, hitting $24.19. 655,720 shares of the company were exchanged, compared to its average volume of 4,673,834. The stock has a market capitalization of $2.31 billion, a P/E ratio of -6.00, a PEG ratio of 2.23 and a beta of 1.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.59 and a quick ratio of 0.49. Foot Locker has a 12-month low of $11.00 and a 12-month high of $29.24. The firm's 50 day moving average price is $25.20 and its 200-day moving average price is $20.16.

Foot Locker (NYSE:FL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The athletic footwear retailer reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.32). The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.87 billion. Foot Locker had a positive return on equity of 2.92% and a negative net margin of 4.90%.The firm's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) EPS.

Insider Activity at Foot Locker

In related news, CAO Giovanna Cipriano sold 22,383 shares of Foot Locker stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $24.90, for a total value of $557,336.70. Following the sale, the chief accounting officer directly owned 93,895 shares in the company, valued at $2,337,985.50. The trade was a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Franklin Bracken sold 14,922 shares of Foot Locker stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $24.50, for a total value of $365,589.00. Following the completion of the sale, the president owned 213,496 shares in the company, valued at approximately $5,230,652. This trade represents a 6.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Institutional Trading of Foot Locker

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Foot Locker by 250.6% in the first quarter. GAMMA Investing LLC now owns 2,468 shares of the athletic footwear retailer's stock valued at $35,000 after buying an additional 1,764 shares in the last quarter. AlphaQuest LLC purchased a new position in Foot Locker in the 1st quarter valued at approximately $59,000. Signaturefd LLC increased its stake in Foot Locker by 27.2% in the 1st quarter. Signaturefd LLC now owns 4,579 shares of the athletic footwear retailer's stock valued at $65,000 after purchasing an additional 980 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Foot Locker by 100,166.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,016 shares of the athletic footwear retailer's stock valued at $85,000 after purchasing an additional 6,010 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in Foot Locker in the 2nd quarter valued at approximately $236,000.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.